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Search Results 0 to 8 of about 9 (some duplicates have been removed)
the french is trying to be more like us. >> we're going to get a tax increase. >> will it be enough to pay for health care? >> yes, but the value added tax, national sales tax at 8%, hundreds of bill yorngs of dollars a year. >> that is one reason why everything in london, england costs twice as much as it ghoz manhattan. are we headed in that direction? >> the tax proposals, if you tax the employer plans and you get rid of the hsas you still have to get to the 1.2 trillion that they estimated it's going to cost. you are going to have low quality care and healthcare costs are going up. >>> john, let's talk about that for a second. national sales tax that won't replace the irs, wouldn't that be enough to pay for this thing? >> they could collect all the money they want out of the sales tax. sales tax falls on the lowest income people. they are talking about protecting. which side of the mouth are they talking out of? >> quintin you stand up for the poor and wouldn't it fall on them? >> david, did we come on later today so we could make up extra stuff? david, i don't understand there should
pretty good risk-reward. neil: adam? >> if you use that rationale, g.m. would not have been a good investment. i don't think it is the best on that is why i advocated the index. neil: thank you all. david: president obama will be out once again trying to save his healthcare reform in a few hours. he promises to safe your mine by cutting the number of years drug companies can charge high prices for brand names. >> if we can make those patents a little shorter generics get on the market sooner, you as consumers will save money. david: some say the plan will cost money and cost lives. a welcome to "forbes on fox." let's get the flip side with mr. steve forbes, elizabeth mcdonald and neil weinberg with other our group. will this hurt lives or save lives? >> this will cost lives. this is a poison pill from the president who has no understanding of innovation. takes $800 million to $1 billion to bring a drug to market. you shorten the patent period you will get higher prices or entrepreneurs doing less risk taking because the raurds are rewards are cut short. david: quentin is this good
of 68-31 in the united states senate, sonia sotomayor. becomes the u.s. supreme court associate justice. fox news sunday host chris wallace, joining us again, as we take a look, at now, justice sotomayor's colleague on the court, justice kennedy, and now comes the hard part, chris, she has to go and do the job and it is a job that, unless -- as i have been reading unless you have done it you have no idea what you are in for. >> chris: that's exactly right and one of the point justice robert -- actually i have to mention this: the fact that justice roberts used notes, used the actual statement and read it, of course we all remember the -- during the inauguration of president obama, he had supposedly memorized it, but then he and president obama stumbled all over each other during the inauguration ended up having to do it a second time clearly and the justice realized, this was not something to trust to his memory and he read it carefully and it went off without you a hitch and one of the points he made is this fact that normally the court starts the session the first monday in october bu
of steps and worried about the government using massive purchasing power. that is not going to happen. incentives pharma industry got those i think they are happen. david: will it be good or bad for us? >> it would be terrible for us. this is as stupid as the arrest of obama care. schering-plough just came to market with an antisigh cot tk drug. it --ant psychotic drug. if they thought the patent life would be short they wouldn't have paid $16 billion for the company and the company wouldn't have developed it knowing no big drug marketer would pay $16 billion for it. david: they patent lot of moan out in terms of developing the drugs. they want that money to be paid off in terms of the price. >> boo hoo hoo. i'm crying for the drug companies. a patent is a licensed monopoly, a license to rape and pillage your customers. that is what they often do. the patent period is 20 years. a certain amount of that is used for research and development. what i say is shorten the patent period to get cheap drugs on the market and in exchange we guarantee a certain period. 10 years or whatever in whi
this is for people that have money. >> jamie: do you like it? >> i don't use them and i don't want to argue against warren buffett. i think medical costs is going up but it's ad pick. forbes on fox is next. >>> 9 trillion dollars in red. white house admitting that our national deficit is likely hit over the next decade. doesn't that mean a middle-class tax hike is next. welcome to forbes on fox. let's go in fouj with our panel. jack to you first, middle-class tax hike inevitable? >> yesing it is, we're out of money we can't expect to spend money and keep up. economy continues to shrink and tax rates will go up to fund that. we look at the campaign promises and he says he won't raise taxes on those making less than $250,000 a year. he confiscated all the income of the top 1% you would have 1.3 trillion dollars at the height of the bull market. that is not making up the short fall. >> they are looking at you and saying is hike tax coming up? >> treasury can keep borrowing and fed can keep printing money. there is no limit to the size of the fed's balance sheet. >> you are talking ton
. it's the unions dominating. david: so, john, is it heartless or make sense for all of us? >> i agree that $100,000 prison guards make no sense whatsoever. but, look, you've got to pay your bill. these states have got to cut and cut more and cut again until they can pay their bills. welfare has simply been crowded out by the stimulus programs. $2 trillion worth of money going from one guy to another is really a massive welfare program run by the political establishment. politics are in the way, but stimulus welfare is crowded out to little kids and the old people. it's a shame this happened. david: so, evelyn, do we follow california's model? >> we know california is in a crisis situation. they need to make cuts to balance their budget. but they have to confront their reality that by doing so, they will have long-term consequences. we will see more uninsured children, programs disabled. and children hurt are cut as well. and the h.i.v. prevention program so because of all of these cuts, that's going to cause long-term consequence and hurt these vulnerable segments of the population. d
u.s. health care should be viewed not as a burden you go an engine of growth. we do sell a lot of medical stuff. >> all that will come to a screeching halt if we nationalize health care and extract from it the innovation that comes with being a private market. this is a big problem because if we spend more money, if the government spends more, also it is growing government's influence in health care, hiring bureaucrats and people to administrate the government programs to go along with it like we have with medicare and medicaid now. spending more isn't the solution. you need to reduce the burden and get free market players and they are competing, getting scrappy and driving innovation. david: evelyn, health care will only need to more jobs if it's done in the private sector. >> i don't think that's true. i want to cut waste out of the system just as much as jack does. the reality is we need to spend more in the short term in order to get long-term gains. the system is broken. for example, let's look at modernizing the health care system, making medical records electronic, fast
Search Results 0 to 8 of about 9 (some duplicates have been removed)